Our story

Parking Energy Ltd was founded in 2014 to focus on Electric Vehicle (EV) charging in the real estate market. The reasoning behind the business idea is the fact that Electric Vehicles are likely to replace Internal Combustion Engine vehicles in a disruptive fashion, and charging them will provide a major opportunity. The motivation to focus on real estate, covering any large parking areas related to office space, apartment buildings, transport parking such as airports, and park & ride areas is based on the fact that the most logical way to charge EVs is when they are parked overnight or at work, just like mobile phones are charged.

Parking Energy is based in Helsinki, Finland and Reading, UK and currently employs 20 people. Our management team has a long experience with EVs, energy, battery technologies, software engineering, and telecoms.

Parking Energy estimated in 2014 that EVs will reach up to a 15% market share of all cars on the road by 2025. This is currently supported by some major industry analysts. Approximately half of the people live in apartment buildings or work at office buildings, so it is obvious that charging EVs would typically happen in those environments. Due to the EV market share growth initially being concentrated in specific areas, such as wealthier areas in cities, the demand for EV charging in the real estate environment is becoming a must, and it is happening ahead of the EV market share curve.

Parking Energy developed its product from 2014 to 2016, with first trials starting in late 2016, and the first commercial installation was implemented in the EuroPark garages in Helsinki in early 2017. EuroPark is the second largest parking operator in Finland, and Parking Energy covers all its garages in Helsinki city center, starting with 6 parking spaces each initially.

In 2018, Parking Energy is growing its geographical footprint by expanding to UK, Germany, Scandinavia, the Netherlands, and Spain. The first sites will be implemented in 2018, and Parking Energy is in the process of building partner networks worldwide. Several sites are a part of a Europe-wide EU-financed project.

Soon we are launching a public funding round on Invesdor's platform. To get notified of the launch of the funding round, click Like on this pitch and receive a notification instantly when we open the round to public.

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